Cash Back
No Annual Fee
CIBC Dividend Visa Card
CIBC
Welcome Bonus:
Get the reliable, everyday use card that earns you cash back on daily essentials for no annual fee.
Secure RateBuddy connection · Application completed on CIBC’s site
Annual Fee
$0
Purchase APR
21.99%
Cash Advance
22.99%
RateBuddy Verdict
The Good
- One of the few no-fee cards that allows for on-demand cash back redemption starting at just $10.
- Offers a solid 2% cash back rate on groceries with no annual fee.
- Low $15,000 household income requirement makes it highly accessible for students or newcomers.
The Trade-offs
- Base earn rate is low at 0.5% for all non-category purchases.
- Provides very minimal insurance coverage; lacks car rental, medical, and mobile device protection.
Rewards & Earnings
Groceries
2%
Dining
1%
Gas
1%
Travel
1%
Recurring Bills
1%
Base Rate
0.50%
Rewards Summary:
Groceries: 2% cash back; Gas, EV, Transit, Dining & Recurring Bills: 1% cash back; CIBC by Expedia: 1% cash back; Base Earn: 0.5% unlimited cash back; Redemption: On-demand (min. $10).
Welcome Bonus Details
Get the reliable, everyday use card that earns you cash back on daily essentials for no annual fee.
Features & Benefits
No Annual Fee
No annual fee
Extended Warranty Insurance
Included
Purchase Security Insurance
Included
Insurance Coverage
Purchase Security: 90 days; Extended Warranty: +1 Year; Note: This card does not include Travel Medical, Trip Cancellation, or Car Rental insurance.
Rates, Fees & Eligibility
| Purchase APR | 21.99% |
|---|---|
| Cash Advance APR | 22.99% |
| Annual Fee | $0 |
| Income Required | Household: $15,000 |
| Recommended Credit Score | — |
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Filed Under
Cash Back
No Annual Fee
Secure RateBuddy connection